Base2Trade.com Review
March 2015: Andy Wilson, the Compliance Officer of Base2Trade, sent a message to the FPA claiming that a number of the negative reviews left for the company are fakes placed by one or more former staff members. The email included the following statement...
After seeking legal advice our lawyers have instructed us to take legal action against yourselves however we deemed it necessary to communicate to yourselves first to professionally resolve this issue without having to take you to court due to the simple fact that your essentially forwarding information and not creating it.
The FPA believes this to be the same as "If at first you don't agree to remove all reviews we claim are fake, then our second choice is sue you." The FPA does not discuss or negotiate while under legal threat. The FPA requested that the CEO of Base2Trade permanently and irrevocably lift any threat of legal action. So far, the CEO has not responded.
Under the circumstances, the FPA recommends an extreme level of caution dealing with Base2Trade.
July 2015: The FPA now doubts that the anyone from Base2Trade will ever reply over the legal threat sent by Andy Wilson. According to Finance Magnates, Base2Trade has ceased all operations due to the owner fleeing to Dubai. CLICK HERE to verify.
October 2015: Website is down. We hope justice catches up with the owner and management of Base2Trade.
Recent User Reviews of Base2Trade.com
If you require any additional information regarding the company or the proposed Liquidation please contact Rachel Brewester at Rachel@bcassociates.uk.com.
Please note that no information will be given without details of any sums owed being emailed to the above address, together with details of how the sums were incurred.
I had been watching this review page for some time and getting more and more alarmed with the reviews but since I hadn't requested a withdrawal and did not intend to for a while, given the rather restrictive terms and conditions for withdrawal, I was happy to let the account grow.
However, on 11th June my account was emptied due to several unauthorised trades of the same amount consecutively conducted over a very short period until I had $108 left in my account. You cannot now get through to Base2Trade using their phone number and I cannot work out any other way to get hold of them unless I go and visit their offices in London.
I am sorry for those that put in substantial sums, but it looks like a lesson learnt. It would be nice to somehow get some comeback in some way shape or form. Any ideas most welcome.
Thanks
Review Moderation Team Note: The best place for sharing ideas on an issue like you have reported would be in the FPA's forums.
My friend requested a withdrawl of $2,000 from his B2T account around Feb. and although it took about 3 weeks it was finally received in his account. He however then requested another withdrawal in March for another $2,000. After numerous emails and phone calls to B2T while receiving dozens of excuses first that it had been sent but was delayed, then other excuses he has never received this or an additional request for another $2,000 a month later.
My son also decided to put money into B2T in late February, 2015 due to the success he had seen from my account.
On March 18th 2015, I submitted my first request for withdrawal for the amount of $4,000. Also submitted several requests at later dates for other amounts and have been given many excuses but have NEVER received any funds! Have made numerous requests on numerous dates. Have NEVER received one withdrawl.
The person I used to do the trades became ill around May and began trading less frequently. At the time my account had reached a balance of approximately $61,000. Suddenly on June 11th, my account was traded in unauthorized trades (not by Michael Davids) and showed a loss of $12,675 on that day. I immediately called Michael and he told me he hadn't traded for me since the 9th. He immediately checked his account and found that it had also been traded by some unauthorized, unknown person and he also had lost a substantial amount. My friend also informed me of the same thing and so did my son!
At this point I have been swindled out of my original $15,000 as well as the $46,000 gain by this unethical outfit.
Sincerely,
Mark
TG